Onchain Analysis Suggests YZY Sniper Wallets May Be Linked to LIBRA, Allegedly Extracting $23M

• On‑chain link identified between YZY and LIBRA sniper wallets

• Eye‑witness onchain messages show a $250,000 buy at $0.20 and a >$1M immediate profit on YZY.

• Analytics from Nansen and Cyvers corroborate wallet overlap; combined extraction across both launches ≈ $23M.

YZY sniper wallet linked to LIBRA extraction: on‑chain analysis shows $23M suspected insider gains across token launches — read the forensic breakdown and next steps.

What is the YZY sniper wallet and how is it tied to LIBRA?

The YZY sniper wallet is an on‑chain address that purchased YZY tokens immediately at launch and moved proceeds into a treasury also receiving funds from wallets tied to the LIBRA token launch. On‑chain tracing suggests the same operator or a closely coordinated group captured nearly $23 million across both events.

How did on‑chain analysts link the wallets?

Chain analysis shows identical treasury receipts and funding flows between the YZY sniper address and wallets active during the LIBRA launch six months earlier. Dethective published transaction traces identifying a $250,000 buy at $0.20 that turned into over $1 million in profit within minutes.

Nansen and Cyvers independently confirmed overlapping addresses and flows. Cyvers summarized the overlap as pointing to the same actor or close coordination. Nansen noted uncertainty about the identity behind the wallets and whether the advantage was insider information or sophisticated sniping.

On‑chain sleuth found YZY sniper wallets tied to LIBRA, extracting $23 million in suspected insider gains across both token launches.

An on‑chain investigation by the pseudonymous analyst Dethective connected a wallet that successfully sniped the Kanye West‑themed YZY token to a cluster of addresses used in the LIBRA launch. The tracing shows consolidated receipts flowing into a common treasury, consistent with coordinated extraction across launches.

Sleuth links YZY sniper wallet to Libra. Source: Dethective

Dethective’s timeline shows the YZY sniper wallet executed a $250,000 purchase at approximately $0.20 per token during the earliest moments of liquidity. Within minutes the position returned more than $1 million in realized gains. Those proceeds were routed to a treasury wallet that also received large transfers from addresses tied to LIBRA’s launch six months prior.

Chain analysts estimate two LIBRA‑related sniper wallets together extracted about $21 million. When combined with profits traced from the YZY activity, the extraction total is near $23 million. Funds from the treasury were later observed moving to centralized exchange deposits and automated liquidity routers such as Kamino and centralized trading platforms like Binance — recorded on‑chain as destination addresses.

Why do Nansen and Cyvers say the wallets overlap?

Independent analysis by Nansen and blockchain security firm Cyvers confirmed transaction patterns and shared intermediate addresses between the YZY sniper wallet and the LIBRA extraction network. Cyvers described the overlap as evidence of a single actor or a tightly coordinated group. Nansen cautioned that overlap alone cannot definitively prove personal identity or legal insider trading.

Nansen also flagged that a known sniper active in past memecoin launches funded earlier YZY buys from profits tied to TRUMP token trades. That behavior complicates attribution: it may indicate recycling of proceeds from prior successful snipes rather than a single insider source.

Kanye West’s YZY token performance and market context

The YZY token launched on Solana and briefly surged to an implied market capitalization near $3 billion within the first hour before retracing to about $1.05 billion. At reporting, YZY traded near $1, down roughly 60% from its intraday peak. Price references are based on public token price aggregators such as CoinMarketCap, which track real‑time market data.

Ye announces YZY token. Source: Kanye West

Frequently Asked Questions

How can on‑chain tracing detect coordinated sniping?

On‑chain tracing detects coordination by mapping identical funding sources, shared treasury receipts, and repeated address reuse across different token launches. Short timing windows and identical routing patterns are red flags.

What immediate actions can exchanges and projects take?

Projects and liquidity providers can delay trading until KYC checks on liquidity providers complete, use guarded launches with timelocked liquidity, and monitor mempool activity for pre‑launch buys. Exchanges can flag and freeze suspicious deposits pending investigation.

Key Takeaways

• On‑chain overlap: YZY sniper wallet and LIBRA launch wallets share treasury receipts and routing patterns.
• Estimated extraction: Combined proceeds from the two events are near $23 million based on transaction tracing.
• Mitigation: Guarded launch mechanisms, pre‑launch monitoring, and multiple analytics confirmations reduce future risk.

Conclusion

This forensic on‑chain analysis shows the YZY sniper wallet connected to earlier LIBRA extraction flows, suggesting coordinated or repeat exploitation of launch mechanics. Industry analytics firms Nansen and Cyvers corroborate the overlap while noting attribution limits. Projects should adopt guarded launch practices and continuous monitoring to protect retail participants. COINOTAG will continue to follow updates and publish verified transaction evidence as it becomes available.